Summary by Moomoo AI
Ernest C. Garcia II, a 10% shareholder of Carvana Co., is set to sell 1,965,814 shares of Class A Common Stock, with an aggregate market value of approximately $336.39 million. The sale is scheduled for 09/27/2024. These shares were originally acquired on 04/27/2017 through a conversion exchange of units, with cash payment made on the same date. Over the past three months, Garcia has sold a total of 5,275,000 shares, generating gross proceeds of $758.58 million. The notice of the upcoming sale was filed on the same day as the planned sale date, with the plan for this transaction having been adopted on 03/11/2024.
